Record Corporate Revenue Growth
Corporate revenue reached $55.3 million, a 6.9% increase over Q2 2024, marking the highest growth year-over-year in 10 quarters on a normalized basis.
Strong Adjusted EBITDA Margin
The company achieved a robust 54.8% adjusted EBITDA margin, exceeding expectations.
Record Free Cash Flow
Free cash flow was $20.3 million, up 29% from Q2 2024, driven by excellent management of receivables and lower interest expenses.
Successful Bank Loan for Debt Retirement
Concluded a $225 million bank facility to retire the 6% notes due October 2026, expected to have similar borrowing costs.
Improved Revenue Retention Rate
The trailing 12-month revenue retention rate reached 102%, up from 101% in the previous quarter and 99% in Q2 of 2024.
Continued Expansion in Healthcare Sector
The healthcare vertical is showing sustained growth, contributing significantly to corporate channel revenues.